[quote=paramount]Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.
Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.[/quote]
I agree market forces and fundamentals will ultimately govern. Unfortunately, this article doesn;t look at those. They point to recent declines and near-term projhections based on price data, plus Zillow forecast speculation. I see nothing in the article or in Zillow’s methodlogy that relates price forecast to fundamentals.